Infosys is a great example of Indian investment in the UK, says Cameron

Infosys is the first company from India to be admitted to trade on Euronext’s London and Paris markets starting from February 2013. To mark the occasion of Euronext’s first cross-listing of an Indian company, Infosys chief executive and managing director SD Shibulal was in London to open the market by ringing the bell at 8am GMT on Wednesday.

"Infosys is a great example of Indian investment in the UK and I’m delighted that they are the first Indian company to be admitted to trade on NYSE Euronext London this week,” Cameron said.

“This decision is testament to Britain’s position as the gateway of choice for Indian companies wanting to invest in the European Union," the prime minister added.

Infosys was founded in Bangalore in 1981 with just seven employees at the start. Today, it has revenues of over $7bn and employs more than 155,000 people. It was pivotal in putting India’s technology services on the global map. The country’s technology sector today accounts for 24% of Indian exports.

“Listing on NYSE Euronext enables the UK, French and other European investors to have direct access to Infosys,” Shibulal said. “It is testament to the strong relationship between India and the UK and allows UK investors to benefit from the India growth story,” he added.

After ringing the opening bell in London on Wednesday, Shibulal travelled to New York immediately to ring the closing bell at the New York Stock Exchange (NYSE). This made him the first NYSE Euronext listed company chief executive to ring the opening bell for NYSE’s European division and the closing bell at the NYSE on the same day.

Infosys trades on NYSE Euronext London market under the ticker symbol INFY – the same symbol under which it trades on NYSE since December 2012.